Prism Solar Technologies, Inc. Advanced Photovoltaic Modules July 2008 Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved Prism’s Competitive Advantage Prism PV Module • Lower cost solar modules ($1.36/watt) • 29-72% less solar cells. • Planar concentrator • Intelligent - Passive “tracking” – (no moving parts). • Single-crystal stability with thin film costs. Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved Competitor PV Modules • Expensive modules ($3.20/watt) • Serious silicon shortage to continue. • Traditional concentrators • Requires extensive cooling and expensive/precise mechanical tracking. • Thin films have largely not met cost projections over two decades and crystalline remains a costly and an inefficient use of 2 silicon. Prism Management Team Rick Lewandowski • President and Chief Executive Officer, BOD • • 24-year veteran of solar industry Founder of US PV distributor, NYSEIA, ILSEIA Glenn Rosenberg • Chief Technology Officer • Inventor of the Prism’s technology Richard Klein - BOD • ¾ Director, Physicist - Mathematician Dr. Walter Robb - BOD – Former Senior VP and head of GE’s Research & Development Center ¾ Paul Maycock - BOD – Former head of USDOE PV program ¾ Tim Lewin – BOD – Chairman of the Advisory Board at Zindel International Private Equity Fund focused on Russia and CIS countries – Crimean Cultural Representative to the UK by the Crimean Autonomous Government 3 Properties of Light in a Holographic Planar Concentrator Playback with Sunlight Sun light Sun light IR UV IR UV Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 4 Planar concentrator with solar cell sun light air glass hologram glass air Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved Confidential solar cell Elegant Light Trapping Within Medium Light enters Total Internal Reflection (TIR) Light exits Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 6 Three Holograms Recorded using Spectral Multiplexing This technique uses three different laser wavelengths to record multiple holograms in the same film layer. Holographic Film Glass Substrate 7/14/2008 Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved Prism Solar Technologies, Inc. 7 Three Holograms Recorded using Spectral Multiplexing (a) sun light entering red to yellow diffracted green to blue and IR passed Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved (b) (c) sun light entering sun light entering green to blue diffracted red to yellow and IR passed visible light diffracted IR passed 8 Prism Solar Technologies, Inc. Manufacturer of Advanced Holographic Solar Modules ¾ New optics technology that significantly reduces the amount of silicon solar cells required in a PV module! ¾ Resulting in lower price per watt and higher efficiency cells. Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 9 Prism Bifacial Module Gen II Bifacial Path of the Sun PM - AM AM PM Noon AM PM Normal AM +45deg HOE - Holographic Optical Element -45deg TIR - Total Internal Reflection Glass Bi-Facial Solar Cell Glass 0' 1/8" PM Noon 0' 1/8" Noon TIR - Total Internal Reflection 0' 1" 0' 1" 0' 1" Prism Solar’s next generation product combined with bifacial cell technology will further improve the efficiency and output of the module. Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 10 Prism HPC Batch manufacturing processes transformed…… Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 11 Interleave liner to protect coated side of film. Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 12 HPC Film Production Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 13 PRISM has patent protection and has tested its product at well known institutions using recognized standards. Intellectual Property • Issued patents • US Patent Nos. #5,877,874 and #6,274,860. • Additional patents under development • International counterparts • A substantial body of trade secret and process know-how has been developed and documented • Can be configured to meet architectural glazing test standards for BIPV Testing and Verification • Tested at the U.S. Department of Energy national lab – National Renewable Energy Laboratory • Tested at Arizona State University Photovoltaic Test Lab (PTL) • Withstands rigors of IEEE-1262 PV test standards • Modules installed and tested at numerous sites around the US and Japan. 14 Business Model Module sales for domestic markets Film sales for international sales under license and within Joint Ventures 60 MW Copyright ©2005-2008 Prism Solar Technologies, Inc. All rights reserved 240 MW 15 Prism Solar – Partnering Opportunity • Market • $12.5 Billion Market - industry that grew over 50% last year, 35%/year - last 10 years • Major partners/customers ready for Prism’s products • Proprietary Technology & Competitive Advantage • Two Patents – Worldwide exclusive license, trade secrets, next generation technology in development • Advanced high speed laser - holographic (continuous process) replicator • Reduced silicon = lower cost-per-watt. • Opportunity USE OF PROCEEDS • Series “A” - $8.5MM completed. • Seeking Strategic Partners • What Prism Looks For In Investors & Partners • Experience or Strong Technology Base. • Access to Markets. • Financial Support. FIRST THREE YEARS Manufacturing 23% Sales/Marketing 39% 9% 10% 19% Administration & Finance R&D Capital Expenditures 16